Port Saint Joe could soon make a decision to demolish the old Gulf Pines Hospital.
If the city is willing to pay a $75,000 tax lien, it can seize the property. The mayor says they’re considering demolishing the building to create 5 residential land lots that could potential land lots that could potentially make the city more than $300,000 dollars.
With the tax lien, demolishing and asbestos removal expenses, the city is still trying to figure out if it can make a profit.
“You add all those numbers up and you come up with a couple hundred thousand dollars, between two and three hundred thousand dollars depending on negotiations with other parties” says Mayor Mel Magidson.
If they decide not to seize the property, the IRS will auction it off.